KUALA LUMPUR, 26 November 2025 — Guan Huat Seng Holdings Berhad (“GHS Holdings”), a Melaka-based distributor, retailer and flavouring products manufacturer with more than 40 years of operating history, has received approval from Bursa Malaysia Securities Berhad (“Bursa Securities”) to list on the ACE Market.
Through its subsidiaries, Guan Huat Seng (Heng Kee) Sdn Bhd and GHS Food Industries Sdn Bhd, the Group distributes and retails a wide range of food products including shelf-stable and frozen seafood, sauces, pastes, flavouring products, dried food, snacks and general groceries. GHS Holdings holds HACCP, MeSTI, and Halal certifications for its in-house sauce, seasoning and flavouring production.
The Group serves wholesalers, retailers, food service operators, end consumers and food manufacturers across both domestic and export markets.
IPO Structure: 120 Million New Shares & 21 Million Offer for Sale Shares
The IPO comprises:
Public Issue, 120.00 million new shares (25.34% of enlarged capital)
- 23.80 million shares (5.02%) for the Malaysian public
- 14.00 million shares (2.96%) for eligible directors, employees and contributors (pink form allocation)
- 23.00 million shares (4.86%) for private placement to selected investors
- 59.20 million shares (12.50%) for private placement to Bumiputera investors approved by MITI
Offer for Sale, 21.00 million existing shares (4.44% of enlarged capital)
Reserved for private placement to selected investors.
Following the IPO, GHS Holdings will have an enlarged issued share capital of 473.50 million shares.
Managing Director: IPO to Enhance Corporate Profile and Market Reach
Managing Director Mr. Yeo Tien Ee said the ACE Market listing represents the next milestone in GHS Holdings’ long-standing corporate trajectory.
“We look forward to embark on the next phase of our corporate journey through the IPO. Over the years, our focus on quality and reliability has built our credibility and earned the trust of our customers.” He commented.
He added that the listing will elevate the Company’s stature, increase brand visibility and reinforce its positioning as a comprehensive food distributor and one-stop food ingredient provider, supported by its diversified product range sold under:
- Heng’s
- Makbest
- SunCity
- McCann
- OceanStars
- Sky Chef
- GHSHK
- Cai Yan
as well as numerous third-party and non-branded products.
IPO Proceeds to Fund Integrated Expansion in Melaka
Proceeds from the listing will be used to:
- Construct a New Integrated Complex in Melaka
- Develop a New Krubong Facility
- Strengthen working capital
- Support marketing initiatives
- Cover listing-related expenses
These investments aim to improve operational efficiency, enhance production capacity and solidify GHS Holdings’ position within Malaysia’s expanding distributive trade and F&B ingredients market.
TA Securities Holdings Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO.
